Bullish (NYSE:BLSH) Receives $50.67 Average Price Target from Analysts

Bullish (NYSE:BLSH) has been given an average recommendation of “Hold” by the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $50.6667.

A number of analysts have recently commented on BLSH shares. Zacks Research downgraded Bullish from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Wall Street Zen upgraded Bullish from a “sell” rating to a “hold” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $61.00 price target on shares of Bullish in a report on Friday, May 15th. Cantor Fitzgerald upped their price objective on Bullish from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bullish in a research note on Wednesday, June 24th.

Key Stories Impacting Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: BlackRock CEO Larry Fink said he is “very bullish” on markets and noted that bitcoin and the broader crypto market have become more stable after leverage washed out, which could support sentiment for crypto-related stocks like Bullish. Article: Blackrock CEO Larry Fink ‘Very Bullish’ on Markets as Bitcoin Stabilizes
• Neutral Sentiment: Several headlines showed Wall Street turning bullish on other large-cap names, including Apple, 3M, Moody’s, Cintas, Rambus, and Johnson & Johnson, but these updates do not directly affect Bullish’s fundamentals.
• Negative Sentiment: Taiwan Semiconductor’s strong results still failed to stop its stock from falling amid a global AI selloff, reinforcing a broader risk-off tone that can pressure speculative and momentum-driven stocks such as Bullish. Article: Taiwan Semiconductor Posts 34% Q2 Revenue Growth; Analyst Raises Price Target On ‘Highly Bullish’ Investment Outlook
• Negative Sentiment: Analyst downgrades on names like ONEOK and Etsy add to the cautious tone around equities, suggesting investors are more selective with risk assets today.

Bullish Trading Down 3.7%

NYSE BLSH opened at $22.48 on Friday. Bullish has a 1 year low of $21.76 and a 1 year high of $118.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 26.42 and a quick ratio of 25.23. The company has a market capitalization of $3.39 billion and a PE ratio of -3.43. The company has a fifty day moving average of $29.12 and a 200 day moving average of $33.99.

Bullish (NYSE:BLSH) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $92.83 million for the quarter. Bullish had a positive return on equity of 1.82% and a negative net margin of 314.40%.The business’s quarterly revenue was up 48.8% compared to the same quarter last year. Research analysts forecast that Bullish will post 0.54 earnings per share for the current year.

Insider Transactions at Bullish

In related news, CEO Thomas W. Farley sold 80,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $43.95, for a total transaction of $3,516,000.00. Following the sale, the chief executive officer owned 80,000 shares in the company, valued at approximately $3,516,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. ARK Investment Management LLC grew its position in shares of Bullish by 87.1% during the 4th quarter. ARK Investment Management LLC now owns 4,821,700 shares of the company’s stock valued at $182,598,000 after acquiring an additional 2,244,991 shares during the period. Amova Asset Management Americas Inc. raised its stake in shares of Bullish by 51.9% during the 1st quarter. Amova Asset Management Americas Inc. now owns 3,836,063 shares of the company’s stock worth $137,139,000 after buying an additional 1,311,243 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Bullish by 51.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,833,886 shares of the company’s stock valued at $136,985,000 after buying an additional 1,304,573 shares in the last quarter. Invesco Ltd. lifted its position in shares of Bullish by 87.2% during the 4th quarter. Invesco Ltd. now owns 2,197,520 shares of the company’s stock valued at $83,220,000 after buying an additional 1,023,835 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Bullish by 7.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,563,985 shares of the company’s stock valued at $59,228,000 after acquiring an additional 104,724 shares during the period.

Bullish Company Profile

Bullish (NYSE: BLSH) is a company that develops and operates digital asset market infrastructure, including a cryptocurrency trading platform and related technology services. The firm’s stated activities focus on providing exchange services, market structure and trading technology designed to support the listing, execution and clearing of digital assets. Bullish positions itself as a bridge between traditional capital markets practices and the evolving cryptocurrency ecosystem.

The business was announced in connection with Block.one, the software developer known for its work on the EOS blockchain, and was formed with the intent of creating a regulated, institutional-grade marketplace for digital assets.